Shares of Polestar produced their community-sector debut less than the ticker “PSNY” on Friday, generating it the hottest electric powered car or truck maker to go community by way of…
Tag: SPAC
Rivian CEO on growth, Amazon vans, SPAC bubble and lower-priced EVs
Rivian CEO RJ Scaringe on April 11, 2022 within the company’s plant in Normal, Unwell. Michael Wayland / CNBC Ordinary, Ill. – Rivian Automotive CEO Robert Scaringe hops out of…
Nikola to pay $125 million to settle fraud charges as SEC cracks down on SPAC claims
Trevor Milton CEO of Nikola Massimo Pinca | Reuters Electrical truck maker Nikola has agreed to pay out the Securities and Exchange Fee $125 million to settle rates it defrauded…
Lordstown Motors confirms DOJ probe into SPAC deal and pre-orders
Personnel set up doorway hinges to the entire body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors’ assembly plant in Ohio. Michael Wayland…
Autonomous driving start-up Aurora plans to go public through SPAC
Aurora, a commence-up acquiring hardware and software to enable motor vehicles to drive autonomously, is likely community via a SPAC merger. The offer with exclusive function acquisition enterprise Reinvent Technological…
Aviation firm Lilium to go public through SPAC deal with ex-GM exec
Lilium’s five-seater air taxi, the Lilium Jet, can be viewed traveling at an airfield in southern Germany in new footage launched by the organization. Lilium German aviation start-up Lilium has…
British used car dealer Cazoo is going public in the US via SPAC
Cazoo founder and CEO Alex Chesterman. Cazoo LONDON — Cazoo introduced Monday that it will go general public by way of a merger with billionaire trader Daniel Och’s unique intent…
British EV firm Arrival (ARVL) stock sinks in SPAC debut
LONDON — British electrical auto producer Arrival began buying and selling on the Nasdaq Thursday subsequent a merger with a U.S. blank-test firm. The business finalized its blend with CIIG…